Hyperscale Data (GPUS)
Market Price (11/6/2026): $0.1469 | Market Cap: $25.0 MilSector: Industrials | Industry: Industrial Conglomerates
Hyperscale Data (GPUS)
Market Price (11/6/2026): $0.1469Market Cap: $25.0 MilSector: IndustrialsIndustry: Industrial Conglomerates
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 28% Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -77% Megatrend and thematic driversMegatrends include Artificial Intelligence, Cloud Computing, and 5G & Advanced Connectivity. Themes include Data Centers & Infrastructure, Show more. | Weak multi-year price returns2Y Excs Rtn is -134%, 3Y Excs Rtn is -183% | Penny stockMkt Price is 0.1 Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -72 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -56% Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 731% Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -2.5% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -50%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -80% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -653% High stock price volatilityVol 12M is 167% Significant short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 21% Key risksGPUS key risks include [1] poor financial health with a high potential for bankruptcy, Show more. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 28% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -77% |
| Megatrend and thematic driversMegatrends include Artificial Intelligence, Cloud Computing, and 5G & Advanced Connectivity. Themes include Data Centers & Infrastructure, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -134%, 3Y Excs Rtn is -183% |
| Penny stockMkt Price is 0.1 |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -72 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -56% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 731% |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -2.5% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -50%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -80% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -653% |
| High stock price volatilityVol 12M is 167% |
| Significant short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 21% |
| Key risksGPUS key risks include [1] poor financial health with a high potential for bankruptcy, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Updated on 11/1/2026
Hyperscale Data (GPUS) stock has lost about 75% since 7/31/2026 because of the following key factors:
1. Persistent Operating Losses and Negative Cash Flow: Hyperscale Data (GPUS) has been plagued by ongoing financial distress, evidenced by persistent operating losses and negative cash flow. For fiscal Q1 2026 (ended March 31, 2026), the company reported a net loss that widened to $30.1 million, a substantial increase from $4.7 million in the prior year, with operating expenses tripling to $36.3 million. This fundamental unprofitability meant that traditional earnings-based valuation metrics were not applicable. The company's overall weak fundamentals were reflected in a low GF Score™ of 29 out of 100, specifically noting poor growth and profitability ranks.
2. Significant Share Dilution and Financing Concerns: The company undertook measures that led to substantial share dilution, exacerbating investor apprehension. An At-the-Market (ATM) offering raised approximately $50.6 million through the sale of about 127.2 million shares at an average price of around $0.3975 per share, diluting existing holders. Furthermore, a 1-for-5 reverse stock split implemented on August 24, 2026, intended to boost the share price for exchange compliance, failed to stem continuous selling pressure, indicating a lack of investor confidence in the company's financial stability and its reliance on equity financing.
Show more
Hyperscale Data (GPUS) stock has lost about 75% since 7/31/2026 because of the following key factors:
1. Persistent Operating Losses and Negative Cash Flow: Hyperscale Data (GPUS) has been plagued by ongoing financial distress, evidenced by persistent operating losses and negative cash flow. For fiscal Q1 2026 (ended March 31, 2026), the company reported a net loss that widened to $30.1 million, a substantial increase from $4.7 million in the prior year, with operating expenses tripling to $36.3 million. This fundamental unprofitability meant that traditional earnings-based valuation metrics were not applicable. The company's overall weak fundamentals were reflected in a low GF Score™ of 29 out of 100, specifically noting poor growth and profitability ranks.
2. Significant Share Dilution and Financing Concerns: The company undertook measures that led to substantial share dilution, exacerbating investor apprehension. An At-the-Market (ATM) offering raised approximately $50.6 million through the sale of about 127.2 million shares at an average price of around $0.3975 per share, diluting existing holders. Furthermore, a 1-for-5 reverse stock split implemented on August 24, 2026, intended to boost the share price for exchange compliance, failed to stem continuous selling pressure, indicating a lack of investor confidence in the company's financial stability and its reliance on equity financing.
Show more
Updated on 11/1/2026
Hyperscale Data (GPUS) stock has lost about 75% since 7/31/2026 because of the following key factors:
1. Persistent Operating Losses and Negative Cash Flow: Hyperscale Data (GPUS) has been plagued by ongoing financial distress, evidenced by persistent operating losses and negative cash flow. For fiscal Q1 2026 (ended March 31, 2026), the company reported a net loss that widened to $30.1 million, a substantial increase from $4.7 million in the prior year, with operating expenses tripling to $36.3 million. This fundamental unprofitability meant that traditional earnings-based valuation metrics were not applicable. The company's overall weak fundamentals were reflected in a low GF Score™ of 29 out of 100, specifically noting poor growth and profitability ranks.
2. Significant Share Dilution and Financing Concerns: The company undertook measures that led to substantial share dilution, exacerbating investor apprehension. An At-the-Market (ATM) offering raised approximately $50.6 million through the sale of about 127.2 million shares at an average price of around $0.3975 per share, diluting existing holders. Furthermore, a 1-for-5 reverse stock split implemented on August 24, 2026, intended to boost the share price for exchange compliance, failed to stem continuous selling pressure, indicating a lack of investor confidence in the company's financial stability and its reliance on equity financing.
3. Market Skepticism Despite Revenue Growth: Despite reporting preliminary consolidated revenue of approximately $40 million for fiscal Q3 2026 (ended September 30, 2026), representing a 64% increase year-over-year, the market remained deeply skeptical about Hyperscale Data's sustainable future growth and profitability. This skepticism was evident in the stock's Price-to-Sales (P/S) ratio of 0.03, which was significantly below its historical median of approximately 0.25. This valuation discount signaled that the market was pricing in considerable risk and uncertainty regarding the company's ability to translate revenue growth into actual profits and positive cash flow.
4. Strategic Pivot and Bitcoin Mining Volatility: Hyperscale Data's ongoing strategic pivot from Bitcoin mining to AI data center operations introduced significant uncertainty and volatility. While the company pursued its AI initiatives, lower Bitcoin mining revenue partially offset gains in other segments during fiscal Q3 2026. Even a September 2026 announcement to separate Bitcoin mining operations into a new subsidiary, Patriot BTC, aiming to provide clearer valuation, saw the stock decline more than 5%, highlighting persistent investor concerns about the execution and financial impact of this transition, particularly for a micro-cap company whose stock remains highly volatile and tied to Bitcoin prices.
Show less
Hyperscale Data (GPUS) stock has lost about 75% since 7/31/2026 because of the following key factors:
1. Persistent Operating Losses and Negative Cash Flow: Hyperscale Data (GPUS) has been plagued by ongoing financial distress, evidenced by persistent operating losses and negative cash flow. For fiscal Q1 2026 (ended March 31, 2026), the company reported a net loss that widened to $30.1 million, a substantial increase from $4.7 million in the prior year, with operating expenses tripling to $36.3 million. This fundamental unprofitability meant that traditional earnings-based valuation metrics were not applicable. The company's overall weak fundamentals were reflected in a low GF Score™ of 29 out of 100, specifically noting poor growth and profitability ranks.
2. Significant Share Dilution and Financing Concerns: The company undertook measures that led to substantial share dilution, exacerbating investor apprehension. An At-the-Market (ATM) offering raised approximately $50.6 million through the sale of about 127.2 million shares at an average price of around $0.3975 per share, diluting existing holders. Furthermore, a 1-for-5 reverse stock split implemented on August 24, 2026, intended to boost the share price for exchange compliance, failed to stem continuous selling pressure, indicating a lack of investor confidence in the company's financial stability and its reliance on equity financing.
3. Market Skepticism Despite Revenue Growth: Despite reporting preliminary consolidated revenue of approximately $40 million for fiscal Q3 2026 (ended September 30, 2026), representing a 64% increase year-over-year, the market remained deeply skeptical about Hyperscale Data's sustainable future growth and profitability. This skepticism was evident in the stock's Price-to-Sales (P/S) ratio of 0.03, which was significantly below its historical median of approximately 0.25. This valuation discount signaled that the market was pricing in considerable risk and uncertainty regarding the company's ability to translate revenue growth into actual profits and positive cash flow.
4. Strategic Pivot and Bitcoin Mining Volatility: Hyperscale Data's ongoing strategic pivot from Bitcoin mining to AI data center operations introduced significant uncertainty and volatility. While the company pursued its AI initiatives, lower Bitcoin mining revenue partially offset gains in other segments during fiscal Q3 2026. Even a September 2026 announcement to separate Bitcoin mining operations into a new subsidiary, Patriot BTC, aiming to provide clearer valuation, saw the stock decline more than 5%, highlighting persistent investor concerns about the execution and financial impact of this transition, particularly for a micro-cap company whose stock remains highly volatile and tied to Bitcoin prices.
Show less
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Stock Movement Drivers
Fundamental Drivers
The -75.6% change in GPUS stock from 7/31/2026 to 11/5/2026 was primarily driven by a -71.6% change in the company's P/S Multiple.| (LTM values as of) | 7312026 | 11052026 | Change |
|---|---|---|---|
| Stock Price ($) | 0.60 | 0.15 | -75.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 121 | 130 | 7.4% |
| P/S Multiple | 0.4 | 0.1 | -71.6% |
| Shares Outstanding (Mil) | 76 | 95 | -19.9% |
| Cumulative Contribution | -75.6% |
Market Drivers
7/31/2026 to 11/5/2026| Return | Correlation | |
|---|---|---|
| GPUS | -75.6% | |
| Market (SPY) | -1.9% | 22.1% |
| Sector (XLI) | -9.7% | 13.3% |
Fundamental Drivers
The -78.8% change in GPUS stock from 4/30/2026 to 11/5/2026 was primarily driven by a -77.2% change in the company's P/S Multiple.| (LTM values as of) | 4302026 | 11052026 | Change |
|---|---|---|---|
| Stock Price ($) | 0.69 | 0.15 | -78.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 102 | 130 | 27.5% |
| P/S Multiple | 0.5 | 0.1 | -77.2% |
| Shares Outstanding (Mil) | 70 | 95 | -26.8% |
| Cumulative Contribution | -78.8% |
Market Drivers
4/30/2026 to 11/5/2026| Return | Correlation | |
|---|---|---|
| GPUS | -78.8% | |
| Market (SPY) | 2.3% | 21.8% |
| Sector (XLI) | -6.7% | 10.5% |
Fundamental Drivers
The -92.7% change in GPUS stock from 10/31/2025 to 11/5/2026 was primarily driven by a -98.3% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 10312025 | 11052026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.02 | 0.15 | -92.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 101 | 130 | 28.4% |
| P/S Multiple | 0.0 | 0.1 | 237.2% |
| Shares Outstanding (Mil) | 2 | 95 | -98.3% |
| Cumulative Contribution | -92.7% |
Market Drivers
10/31/2025 to 11/5/2026| Return | Correlation | |
|---|---|---|
| GPUS | -92.7% | |
| Market (SPY) | 8.4% | 24.2% |
| Sector (XLI) | 5.7% | 15.6% |
Fundamental Drivers
The -100.0% change in GPUS stock from 10/31/2023 to 11/5/2026 was primarily driven by a -100.0% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 10312023 | 11052026 | Change |
|---|---|---|---|
| Stock Price ($) | 514.51 | 0.15 | -100.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 151 | 130 | -13.9% |
| P/S Multiple | 0.0 | 0.1 | 8933.7% |
| Shares Outstanding (Mil) | 0 | 95 | -100.0% |
| Cumulative Contribution | -100.0% |
Market Drivers
10/31/2023 to 11/5/2026| Return | Correlation | |
|---|---|---|
| GPUS | -100.0% | |
| Market (SPY) | 81.3% | 4.7% |
| Sector (XLI) | 71.8% | 6.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| GPUS Return | -73% | -90% | -100% | -94% | -96% | -84% | -100% |
| Peers Return | 74% | -59% | 207% | 9% | 15% | 6% | 191% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 105% |
Monthly Win Rates [3] | |||||||
| GPUS Win Rate | 25% | 17% | 17% | 17% | 8% | 18% | |
| Peers Win Rate | 62% | 31% | 73% | 53% | 57% | 49% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 45% | |
Max Drawdowns [4] | |||||||
| GPUS Max Drawdown | -85% | -93% | -100% | -94% | -98% | -94% | |
| Peers Max Drawdown | -44% | -66% | -41% | -43% | -45% | -43% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: HUT, MARA, RIOT, DLR, EQIX.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 11/5/2026 (YTD)
How Low Can It Go
| Event | GPUS | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -56.2% | -18.8% |
| % Gain to Breakeven | 128.5% | 23.1% |
| Time to Breakeven | 5 days | 79 days |
| 2020 COVID-19 Crash | ||
| % Loss | -59.2% | -33.7% |
| % Gain to Breakeven | 144.9% | 50.9% |
| Time to Breakeven | 20 days | 140 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -46.7% | -3.7% |
| % Gain to Breakeven | 87.8% | 3.9% |
| Time to Breakeven | 176 days | 6 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -48.5% | -12.2% |
| % Gain to Breakeven | 94.2% | 13.9% |
| Time to Breakeven | 159 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -65.8% | -6.8% |
| % Gain to Breakeven | 192.7% | 7.3% |
| Time to Breakeven | 421 days | 15 days |
| 2013 Taper Tantrum | ||
| % Loss | -13.0% | -0.2% |
| % Gain to Breakeven | 14.9% | 0.2% |
| Time to Breakeven | 4 days | 1 days |
In The Past
Hyperscale Data's stock fell -56.2% during the 2025 US Tariff Shock. Such a loss loss requires a 128.5% gain to breakeven.
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| Event | GPUS | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -56.2% | -18.8% |
| % Gain to Breakeven | 128.5% | 23.1% |
| Time to Breakeven | 5 days | 79 days |
| 2020 COVID-19 Crash | ||
| % Loss | -59.2% | -33.7% |
| % Gain to Breakeven | 144.9% | 50.9% |
| Time to Breakeven | 20 days | 140 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -46.7% | -3.7% |
| % Gain to Breakeven | 87.8% | 3.9% |
| Time to Breakeven | 176 days | 6 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -48.5% | -12.2% |
| % Gain to Breakeven | 94.2% | 13.9% |
| Time to Breakeven | 159 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -65.8% | -6.8% |
| % Gain to Breakeven | 192.7% | 7.3% |
| Time to Breakeven | 421 days | 15 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -64.8% | -53.4% |
| % Gain to Breakeven | 184.0% | 114.4% |
| Time to Breakeven | 232 days | 1085 days |
In The Past
Hyperscale Data's stock fell -56.2% during the 2025 US Tariff Shock. Such a loss loss requires a 128.5% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Hyperscale Data (GPUS)
Hyperscale Data, Inc. (GPUS) is a highly diversified holding company operating across numerous distinct business segments. While initially providing customized solutions for military markets in North America, Europe, and the Middle East, the company has significantly expanded its scope. Its operations now span energy and infrastructure, technology and finance, and various specialized ventures, serving a broad international client base.
The company's offerings include advanced technology solutions such as the design, manufacture, and sale of power conversion systems for mission-critical applications, as well as electronic equipment, automated test solutions, and radio/microwave communication systems. A significant part of its business involves digital assets, encompassing digital currency and Bitcoin mining operations, data center management, and colocation and hosting services. Additionally, Hyperscale Data is active in virtual markets, gaming, sweepstakes, and building private digital spaces for socialization, including real and virtual concerts, catering to the metaverse platform.
Beyond technology and digital assets, Hyperscale Data provides commercial loans, convertible notes, and revolving lines of credit. It also offers infrastructure services such as lifting (crane) services and consumer electronic retail products like karaoke systems. This vast portfolio allows the company to serve a wide array of industries including defense/aerospace, oil exploration, industrial, automotive, medical/biopharma, consumer electronics, and textiles, highlighting its strategy of operating across disparate sectors.
AI Analysis | Feedback
Here are 1-3 brief analogies for Hyperscale Data (GPUS):
- It's like a small, modernized General Electric, operating everything from Bitcoin mining and metaverse platforms to industrial electronics and financial services.
AI Analysis | Feedback
Hyperscale Data (GPUS) offers a diverse range of products and services:
- Military Market Solutions: Provides customized solutions tailored for military markets in various regions.
- Lifting Services: Offers specialized lifting services to different industries.
- Digital Entertainment & Metaverse Services: Operates virtual markets, gaming platforms, sweepstakes, contests of skill, private digital spaces, and facilitates socialization, connectivity, and real/virtual concerts.
- Financial Services: Provides commercial loans, convertible notes, and revolving lines of credit.
- Blockchain & Data Center Services: Conducts digital currency and Bitcoin mining operations, alongside colocation, hosting services, and data center management.
- Consumer Electronic Retail Karaoke Products: Manufactures and sells consumer electronic karaoke products.
- Power Conversion & System Solutions: Designs, develops, manufactures, and sells power conversion and system solutions for mission-critical applications.
- Electronic Equipment & Communication Systems: Designs, manufactures, and distributes electronics equipment, automated test solutions, power electronics, and radio/microwave communication systems.
AI Analysis | Feedback
The company, Hyperscale Data, Inc. (symbol: GPUS), sells primarily to other companies (B2B).
Based on the provided description, the company's major customers operate within the following industries:
- Military markets
- Metaverse platforms
- Crane services
- Oil exploration
- Defense/aerospace
- Industrial
- Automotive
- Medical/biopharma
- Consumer electronics
- Textiles industries
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William B. Horne, Chief Executive Officer, Vice Chairman
William B. Horne has served as the Chief Executive Officer and Vice Chairman of Hyperscale Data, Inc. since 2021. He previously held the position of CEO at BitNile, Inc.. Horne has also been a Director at Gresham Worldwide, Inc. since 2007 and served as Chief Executive Officer and Director at Ault Disruptive Technologies Corp. from 2021 to 2024. He was also the Vice Chairman and Chief Financial Officer at Ault & Co., Inc. from 2017 to 2021. His personal beneficial ownership in Hyperscale Data is described as de minimis.
Kenneth S. Cragun, Chief Financial Officer
Kenneth S. Cragun has served as the Chief Financial Officer for Hyperscale Data, Inc. since August 2020.
Milton "Todd" Ault, III, Founder, Executive Chairman
Milton "Todd" Ault, III is the Founder and Executive Chairman of Hyperscale Data, Inc.. He is expected to resign from his executive role as Executive Chairman but will remain a director upon the planned divestiture of Ault Capital Group, Inc. (ACG), which is anticipated by December 31, 2025, or in the second quarter of 2026. Following this divestiture, Ault intends to focus on leading ACG, which includes private credit, an AI software platform, social gaming, equipment rental services, defense/aerospace, industrial, automotive, medical/biopharma, and hotel operations. His family's holding company, Ault & Company, Inc., is the largest stockholder of Hyperscale Data.
Henry Nisser, President, General Counsel, Director
Henry Nisser has served as the President of Hyperscale Data, Inc. since January 2021 and as General Counsel since April 2019. He is also a Director of the company.
Jean Ho, Chief Accounting Officer
Jean Ho holds the position of Chief Accounting Officer at Hyperscale Data, Inc.
William B. Horne has served as the Chief Executive Officer and Vice Chairman of Hyperscale Data, Inc. since 2021. He previously held the position of CEO at BitNile, Inc.. Horne has also been a Director at Gresham Worldwide, Inc. since 2007 and served as Chief Executive Officer and Director at Ault Disruptive Technologies Corp. from 2021 to 2024. He was also the Vice Chairman and Chief Financial Officer at Ault & Co., Inc. from 2017 to 2021. His personal beneficial ownership in Hyperscale Data is described as de minimis.
Kenneth S. Cragun, Chief Financial Officer
Kenneth S. Cragun has served as the Chief Financial Officer for Hyperscale Data, Inc. since August 2020.
Milton "Todd" Ault, III, Founder, Executive Chairman
Milton "Todd" Ault, III is the Founder and Executive Chairman of Hyperscale Data, Inc.. He is expected to resign from his executive role as Executive Chairman but will remain a director upon the planned divestiture of Ault Capital Group, Inc. (ACG), which is anticipated by December 31, 2025, or in the second quarter of 2026. Following this divestiture, Ault intends to focus on leading ACG, which includes private credit, an AI software platform, social gaming, equipment rental services, defense/aerospace, industrial, automotive, medical/biopharma, and hotel operations. His family's holding company, Ault & Company, Inc., is the largest stockholder of Hyperscale Data.
Henry Nisser, President, General Counsel, Director
Henry Nisser has served as the President of Hyperscale Data, Inc. since January 2021 and as General Counsel since April 2019. He is also a Director of the company.
Jean Ho, Chief Accounting Officer
Jean Ho holds the position of Chief Accounting Officer at Hyperscale Data, Inc.
AI Analysis | Feedback
The key risks to Hyperscale Data (GPUS) include:
-
Extreme Diversification and Potential Lack of Focus: Hyperscale Data operates across an exceptionally broad range of disparate industries, including lifting services, metaverse platforms, cryptocurrency mining, commercial lending, and defense electronics. This extensive diversification may lead to a lack of strategic focus, dilution of resources, and challenges in developing deep expertise or achieving market leadership in any single area. Managing such a wide array of distinct businesses can result in operational inefficiencies and hinder overall strategic execution.
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Exposure to Volatile Cryptocurrency Markets: The company is engaged in digital currencies mining operations, including Bitcoin mining, as well as colocation and hosting services for these activities. The profitability of these operations is highly dependent on the volatile prices of cryptocurrencies, changes in mining difficulty, and fluctuations in energy costs. The unpredictable nature of the cryptocurrency market presents a significant financial risk to the company's revenue and profitability.
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Intense Competition Across Multiple Industries: Due to its highly diversified business model, Hyperscale Data faces stiff competition from specialized and often larger competitors in each of its operational segments. Whether in crane services, metaverse development, financial services, or electronics manufacturing, the company must contend with established players and rapidly evolving market dynamics, which could impede its ability to gain market share, sustain growth, and maintain profitability across its numerous ventures.
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Increasing regulatory scrutiny and environmental concerns surrounding Proof-of-Work cryptocurrency mining pose a significant emerging threat to Hyperscale Data's digital currency mining operations. Potential governmental bans, heavy taxation, or shifts in energy policy could severely impact the profitability and viability of this segment.
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Hyperscale Data (GPUS) operates in several diverse and growing markets. Below are the estimated addressable market sizes for some of their main products and services:
-
Military and Defense Markets:
- The global defense market was valued at approximately USD 510 billion in 2024 and is anticipated to exceed USD 770 billion by 2031.
- The global aerospace and defense market is estimated to be valued at USD 918.08 billion in 2026 and is expected to reach USD 1614.68 billion by 2033.
-
Metaverse and Online Gaming:
- The global metaverse market size was valued at USD 124.17 billion in 2024 and is projected to grow to USD 4256.1 billion by 2033. North America held the largest share of the metaverse market in 2024, accounting for 42.8%.
- The global online gaming market size was valued at approximately USD 208.58 billion in 2024 and is projected to reach USD 333.20 billion by 2030. Asia Pacific accounted for the largest revenue share in the online gaming market, exceeding 40% in 2024.
-
Digital Currencies Mining and Data Center Colocation:
- The global data center colocation market was valued at USD 130.22 billion in 2024 and is projected to grow to USD 569.58 billion by 2034. North America held the largest share of the data center colocation market, at 39.0% in 2024.
- The global cryptocurrency mining market is projected to grow from USD 4.66 billion in 2024 to USD 14.09 billion by 2035. North America generated the largest portion of the worldwide cryptocurrency mining market.
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Power Conversion and Electronic Equipment:
- The global power electronics market size was valued at USD 38.12 billion in 2023 and is projected to reach USD 53.66 billion by 2030. The Asia Pacific power electronics market dominated the global market with a revenue share of 40.5% in 2023.
- The global automated test equipment market size was valued at USD 7,749.8 million in 2024 and is projected to reach USD 10,192.4 million by 2030. Asia Pacific dominated the automated test equipment market with the largest revenue share of 52.32% in 2024.
- The global land mobile radio system market size was valued at USD 32.36 billion in 2024 and is estimated to reach USD 74.92 billion by 2033. North America dominated the land mobile radio system market in 2024.
- The global terrestrial trunked radio (TETRA) market size was valued at USD 4.82 billion in 2024 and is projected to grow to USD 10.71 billion by 2030. North America dominated the global terrestrial trunked radio industry with a revenue share of 37.8% in 2024.
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Expected Drivers of Future Revenue Growth for Hyperscale Data (GPUS)
Over the next 2-3 years, Hyperscale Data (GPUS) is expected to drive future revenue growth through several key initiatives and market trends, primarily focusing on its strategic shift towards artificial intelligence (AI) data center operations and expanding its high-margin platforms. The company projects an 80%-100% year-over-year revenue growth for fiscal year 2026, targeting $180 million to $200 million.
- Expansion and Enhanced Utilization of AI Data Center Infrastructure: Hyperscale Data is strategically focusing on the rapidly growing AI data center market. The company plans a significant tenfold expansion of its Michigan AI data center's capacity, from approximately 30 megawatts (MW) to around 300 MW, pending regulatory approvals and funding. This expansion is designed to meet escalating demand for data processing power driven by AI technologies and high-performance computing (HPC) capabilities.
- Full-Year Contribution and Integration of Ballista Group: A significant driver for anticipated revenue growth in 2026 is the full-year contribution from Ballista. Management expects Ballista to generate approximately $40 million in revenue in 2026, a substantial increase compared to its partial contribution in the fourth quarter of 2025.
- Growth in Lending Services through Ault Lending: The company's Ault Lending arm is projected to contribute a notable $20 million to $30 million towards total revenue in 2026. This highlights the continued importance of its financial services segment in its diversified revenue streams.
- Expansion of Software and Blockchain Infrastructure Offerings within Digital Ecosystems: Hyperscale Data anticipates expanded revenue from its software platforms, blockchain infrastructure, and broader digital ecosystem initiatives. These areas are identified by management as higher-margin drivers that will contribute to an evolving revenue mix and support overall margin improvement. The company's anchoring by Bitcoin and ongoing capital expenditures in Bitcoin operations also fall under this strategic focus.
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<h2>Capital Allocation Decisions for Hyperscale Data (GPUS)</h2>
<h3>Share Repurchases</h3>
<ul>
<li>Ault Alliance (now Hyperscale Data) authorized a stock repurchase program in December 2021 for up to $50 million of common stock, with the company anticipating its utilization starting in February 2024.</li>
<li>In November 2023, the company intended to launch an exchange offer to acquire up to 60,000,000 shares of common stock for up to $15 million in Series D Preferred Shares, with the aim of reducing the total share count.</li>
<li>In March 2023, Ault Alliance announced a plan to buy back up to 333,333,333 common shares at an effective price of $0.15 per share through an exchange offer for Series H Preferred Stock.</li>
</ul>
<h3>Share Issuance</h3>
<ul>
<li>In December 2025, Hyperscale Data established an "at-the-market" (ATM) equity offering program to sell up to $50 million of its common stock.</li>
<li>On December 23, 2024, the company issued one million shares of Series F Exchangeable Preferred Stock to common stockholders and Series C Preferred Stock holders, related to a planned divestiture.</li>
<li>An affiliate, Ault & Company, invested $55 million in Hyperscale Data by September 2025, through the purchase of Series C convertible preferred stock and warrants, with an authorized potential investment of up to $75.0 million.</li>
</ul>
<h3>Inbound Investments</h3>
<ul>
<li>Ault & Company, an affiliate, invested $55 million in Hyperscale Data by September 2025, through the purchase of Series C convertible preferred stock and warrants.</li>
<li>In January 2025, Ault & Company secured rights to purchase up to $25 million in Hyperscale Data's Series G Convertible Preferred Stock.</li>
</ul>
<h3>Outbound Investments</h3>
<ul>
<li>Hyperscale Data is pursuing a $100 million Bitcoin treasury strategy, holding approximately $70.5 million worth of Bitcoin by December 2025.</li>
<li>The company plans to divest Ault Capital Group (ACG), with a targeted completion in the first quarter of 2027 (previously Q4 2025 or Q2 2026), to focus on its AI data center business.</li>
<li>In October 2025, the company announced plans to distribute a special one-time dividend of 20 million shares of its Class B Common Stock to eligible shareholders.</li>
</ul>
<h3>Capital Expenditures</h3>
<ul>
<li>Hyperscale Data is undertaking a major expansion of its Michigan data center, aiming to increase its capacity from approximately 30 MW to 300 MW, with a primary focus on AI data center operations.</li>
<li>Capital expenditures for the 12 months prior to December 2025 were -$6.15 million, indicating a net cash outflow for property, plant, and equipment.</li>
<li>In October 2025, the company ordered 1,000 Bitmain Antminer S21+ units and plans to install up to 5,000 S21+ as part of an upgrade to its Bitcoin mining infrastructure.</li>
</ul>Peer Outperformance in Industrial Conglomerates
GPUS has trailed 100% of its 16 Industrial Conglomerates peers over 5Y. Among the peers that beat it is DD. Industrial Conglomerates ranks 11th of 23 industries in Industrials by median 5Y return.
Share of Industrial Conglomerates constituents that GPUS has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
0%
of 18 industry peers · -92.5% return
3Y
0%
of 18 industry peers · -100.0% return
5Y
0%
of 16 industry peers · -100.0% return
Industrial Conglomerates peers with revenue growth within 4pp of GPUS's that beat it on at least 2 of 3 windows, and by at least 20pp over 5Y. Growth is matched by construction, so the gap is largely a re-rating gap. The multiple column is the context for it.
| Ticker | Name | Rev Growth 3Y Avg | P/E | 1Y | 3Y | 5Y | 5Y Gap |
|---|---|---|---|---|---|---|---|
| GPUS | Hyperscale Data | -2.5% | -0.2x | -92.5% | -100.0% | -100.0% | — |
| DD | DuPont de Nemours | 1.4% | 64.7x | 24.0% | 84.1% | 65.5% | +165pp |
Price returns, excluding dividends. P/E shown for context only and not used for matching.
Median price return by industry across the Industrials sector, ranked by 5Y. Industrial Conglomerates is GPUS's own industry. Use this to see which corners of the sector have carried the returns.
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Marine Transportation | 5 | 25.1% | 30.2% | 102.9% | MATX 155% · KEX 103% |
| Construction Machinery & Heavy Transportation Equipment | 13 | 6.3% | 55.5% | 95.0% | ALSN 255% · WAB 204% · CAT 192% |
| Construction & Engineering | 29 | -21.3% | 79.9% | 94.8% | FIX 895% · STRL 799% · AGX 526% |
| Aerospace & Defense | 54 | -12.6% | 55.7% | 49.5% | ATI 849% · FTAI 756% · HWM 509% |
| Trading Companies & Distributors | 19 | 5.6% | 30.7% | 33.8% | DXPE 276% · AIT 184% · URI 177% |
| Industrial Machinery & Supplies & Components | 71 | 0.3% | 46.1% | 29.7% | CRS 797% · MLI 298% · SYM 249% |
| Rail Transportation | 7 | 34.9% | 53.7% | 27.8% | CSX 54% · UNP 40% · NSC 28% |
| Diversified Support Services | 33 | 14.8% | 36.8% | 21.3% | CXW 195% · OPLN 143% · CTAS 115% |
| Building Products | 34 | -6.6% | 9.3% | 10.6% | MOD 714% · GFF 345% · TT 126% |
| Cargo Ground Transportation | 16 | 27.9% | 14.6% | 4.8% | XPO 269% · R 250% · ARCB 25% |
| Industrial Conglomerates ← | 17 | 14.8% | -1.6% | -1.3% | CSW 103% · CSL 72% · DD 65% |
| Office Services & Supplies | 10 | 20.8% | 22.5% | -2.6% | PBI 158% · TILE 140% · HNI 40% |
| Electrical Components & Equipment | 39 | -14.2% | 56.2% | -12.1% | POWL 1360% · VRT 543% · BE 424% |
| Data Processing & Outsourced Services | 6 | -11.8% | 5.0% | -12.7% | EXLS 59% · BR 22% · G -12% |
| Research & Consulting Services | 13 | 4.9% | -15.5% | -22.6% | HURN 227% · FCN 36% · BAH 14% |
| Agricultural & Farm Machinery | 16 | 7.2% | -7.4% | -27.4% | BLBD 171% · DE 99% · TTC 15% |
| Security & Alarm Services | 9 | -51.2% | 10.7% | -28.0% | BCO 65% |
| Environmental & Facilities Services | 29 | -31.2% | 25.5% | -28.1% | GEO 163% · CLH 162% · RSG 100% |
| Passenger Airlines | 11 | 2.6% | 64.1% | -34.8% | LTM 3100% · UAL 110% · DAL 100% |
| Air Freight & Logistics | 12 | -28.8% | -7.3% | -39.1% | FDX 80% · EXPD 60% · CHRW 54% |
| Human Resource & Employment Services | 22 | 19.2% | -6.0% | -42.4% | ADP 50% · FA 22% · PAYX 13% |
| Passenger Ground Transportation | 3 | -14.1% | 42.9% | -57.4% | UBER 46% · CAR -57% · LYFT -67% |
| Airport Services | 4 | -49.1% | -62.8% | -86.2% | JOBY -47% |
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Hyperscale Data Earnings Notes | 12/16/2025 | |
| Day 8 of Loss Streak for Hyperscale Data Stock with -49% Return (vs. -93% YTD) [10/17/2025] | 10/18/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 32.88 |
| Mkt Cap | 5.9 |
| Rev LTM | 740 |
| Op Inc LTM | -173 |
| FCF LTM | -1,181 |
| FCF 3Y Avg | -643 |
| CFO LTM | -64 |
| CFO 3Y Avg | -53 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 15.5% |
| Rev Chg 3Y Avg | 26.6% |
| Rev Chg Q | 5.8% |
| QoQ Delta Rev Chg LTM | 1.4% |
| Op Inc Chg LTM | -61.8% |
| Op Inc Chg 3Y Avg | -24.0% |
| Op Mgn LTM | -65.1% |
| Op Mgn 3Y Avg | -47.8% |
| QoQ Delta Op Mgn LTM | -8.9% |
| CFO/Rev LTM | -35.3% |
| CFO/Rev 3Y Avg | -32.5% |
| FCF/Rev LTM | -117.0% |
| FCF/Rev 3Y Avg | -84.7% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Energy | 45 | 48 | 50 | 3 | |
| Sentinum, Inc. (Sentinum) | 23 | 31 | 35 | ||
| Ault Global Real Estate Equities, Inc (AGREE) | 19 | 18 | 16 | 0 | |
| Defense | 7 | 5 | 4 | 6 | 5 |
| Gresham Worldwide, Inc. (GWW) | 3 | ||||
| Holding Co | 3 | 3 | 0 | 0 | |
| Fintech | 2 | 2 | -2 | 37 | 17 |
| Risk On International, Inc. (ROI) | 0 | 0 | 0 | ||
| Singing Machine Company, Inc. (SMC) | 32 | 24 | |||
| Ault Disruptive | 0 | ||||
| Giga-tronics Incorporated (GIGA) | 30 | 26 | |||
| Sentinum | 18 | 4 | |||
| Total | 102 | 107 | 135 | 118 | 52 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Energy | 7 | -2 | -51 | -1 | |
| Ault Global Real Estate Equities, Inc (AGREE) | 0 | -9 | -8 | -0 | |
| Gresham Worldwide, Inc. (GWW) | 0 | ||||
| Fintech | -2 | 9 | -3 | 4 | 4 |
| Defense | -2 | -4 | -4 | -4 | -2 |
| Sentinum, Inc. (Sentinum) | -14 | -13 | -3 | ||
| Risk On International, Inc. (ROI) | -21 | -24 | -44 | ||
| Holding Co | -32 | -15 | -28 | -28 | -21 |
| Singing Machine Company, Inc. (SMC) | -7 | -5 | |||
| Ault Disruptive | -1 | -0 | |||
| Giga-tronics Incorporated (GIGA) | -14 | -1 | |||
| Sentinum | -92 | 2 | |||
| Total | -62 | -57 | -149 | -139 | -18 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Sentinum, Inc. (Sentinum) | 89 | 35 | 60 | ||
| Ault Global Real Estate Equities, Inc (AGREE) | 66 | 69 | 91 | 94 | |
| Holding Co | 56 | 60 | 33 | 16 | |
| Gresham Worldwide, Inc. (GWW) | 41 | ||||
| Energy | 41 | 46 | 51 | 96 | 58 |
| Fintech | 6 | 7 | 17 | 83 | 81 |
| Defense | 3 | 3 | 5 | 7 | 5 |
| Risk On International, Inc. (ROI) | 1 | 1 | 10 | ||
| Assets of discontinued operations | 32 | 98 | |||
| Singing Machine Company, Inc. (SMC) | 0 | 28 | |||
| Ault Disruptive | 119 | 119 | |||
| Giga-tronics Incorporated (GIGA) | 39 | 34 | |||
| Sentinum | 76 | 100 | |||
| Total | 304 | 220 | 299 | 562 | 490 |
Price Behavior
Price Behavior
| Market Price | $0.15 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 12/29/2006 | |
| Distance from 52W High | -92.6% | |
| 50 Days | 200 Days | |
| DMA Price | $0.18 | $0.65 |
| DMA Trend | down | down |
| Distance from DMA | -18.1% | -77.3% |
| 3M | 1YR | |
| Volatility | 127.2% | 166.9% |
| Downside Capture | 562.13 | 488.37 |
| Upside Capture | -213.67 | 138.77 |
| Correlation (S&P 500) | 15.2% | 23.7% |
GPUS Betas & Captures as of 10/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 4.89 | 2.95 | 2.51 | 3.44 | 3.17 | 0.92 |
| Up Beta | 6.21 | 3.28 | 5.13 | 6.32 | 4.62 | 0.70 |
| Down Beta | 9.69 | 7.37 | 4.61 | 0.46 | 1.64 | 1.23 |
| Up Capture | 364% | -24% | -146% | 194% | 157% | -4% |
| Bmk +ve Days | 12 | 18 | 28 | 62 | 130 | 427 |
| Stock +ve Days | 9 | 18 | 21 | 43 | 90 | 287 |
| Down Capture | 308% | 339% | 408% | 295% | 190% | 114% |
| Bmk -ve Days | 10 | 25 | 36 | 64 | 121 | 325 |
| Stock -ve Days | 13 | 25 | 37 | 75 | 153 | 445 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GPUS | |
|---|---|---|---|---|
| GPUS | -91.7% | 166.9% | -0.78 | - |
| Sector ETF (XLI) | 7.4% | 17.8% | 0.24 | 15.3% |
| Equity (SPY) | 9.5% | 13.6% | 0.41 | 24.0% |
| Gold (GLD) | 3.6% | 28.7% | 0.11 | 13.8% |
| Commodities (DBC) | 37.7% | 21.2% | 1.40 | -1.1% |
| Real Estate (VNQ) | 12.0% | 14.2% | 0.55 | -8.8% |
| Bitcoin (BTCUSD) | -20.8% | 43.3% | -0.42 | 22.9% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GPUS | |
|---|---|---|---|---|
| GPUS | -96.3% | 251.6% | -0.71 | - |
| Sector ETF (XLI) | 10.8% | 17.7% | 0.45 | 8.9% |
| Equity (SPY) | 11.3% | 17.3% | 0.48 | 9.6% |
| Gold (GLD) | 17.5% | 19.1% | 0.74 | 10.7% |
| Commodities (DBC) | 8.0% | 19.6% | 0.29 | 0.8% |
| Real Estate (VNQ) | 1.2% | 18.9% | -0.05 | 5.4% |
| Bitcoin (BTCUSD) | 5.9% | 51.5% | 0.29 | 12.0% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GPUS | |
|---|---|---|---|---|
| GPUS | -88.7% | 238.9% | -0.23 | - |
| Sector ETF (XLI) | 12.9% | 20.1% | 0.56 | 9.8% |
| Equity (SPY) | 14.9% | 18.0% | 0.70 | 9.5% |
| Gold (GLD) | 12.0% | 16.5% | 0.59 | 6.2% |
| Commodities (DBC) | 7.6% | 18.1% | 0.33 | 3.0% |
| Real Estate (VNQ) | 5.7% | 20.7% | 0.23 | 4.1% |
| Bitcoin (BTCUSD) | 61.3% | 66.2% | 1.01 | 15.5% |
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Earnings Returns History
Updated 10/20/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/29/2026 | 7.4% | 5.2% | -42.0% |
| 4/30/2026 | -0.4% | -12.5% | 28.0% |
| 3/11/2026 | -5.9% | -5.6% | -8.7% |
| 8/4/2025 | -4.4% | -8.4% | -42.6% |
| 6/9/2025 | -3.9% | -57.7% | -75.9% |
| 3/3/2025 | -2.9% | -18.6% | -25.6% |
| 8/19/2024 | -7.1% | -4.1% | -12.6% |
| 5/21/2024 | -20.8% | -29.9% | -39.8% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 4 | 3 | 1 |
| # Negative | 12 | 13 | 15 |
| Median Positive | 5.5% | 11.3% | 28.0% |
| Median Negative | -5.8% | -14.3% | -29.5% |
| Max Positive | 11.5% | 24.0% | 28.0% |
| Max Negative | -20.8% | -57.7% | -75.9% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/29/2026 | 7.4% | 5.2% | -42.0% |
| 4/30/2026 | -0.4% | -12.5% | 28.0% |
| 3/11/2026 | -5.9% | -5.6% | -8.7% |
| 8/4/2025 | -4.4% | -8.4% | -42.6% |
| 6/9/2025 | -3.9% | -57.7% | -75.9% |
| 3/3/2025 | -2.9% | -18.6% | -25.6% |
| 8/19/2024 | -7.1% | -4.1% | -12.6% |
| 5/21/2024 | -20.8% | -29.9% | -39.8% |
| 2/28/2024 | -9.7% | -19.0% | -23.7% |
| 10/23/2023 | 11.5% | -17.6% | -41.2% |
| 7/26/2023 | -12.6% | -23.2% | -61.8% |
| 2/13/2023 | 3.6% | 11.3% | -22.9% |
| 11/22/2022 | -3.1% | -0.7% | -18.0% |
| 8/23/2022 | 2.7% | -3.1% | -31.5% |
| 5/23/2022 | -5.9% | 24.0% | -10.5% |
| 11/19/2021 | -5.7% | -14.3% | -29.5% |
| SUMMARY STATS | |||
| # Positive | 4 | 3 | 1 |
| # Negative | 12 | 13 | 15 |
| Median Positive | 5.5% | 11.3% | 28.0% |
| Median Negative | -5.8% | -14.3% | -29.5% |
| Max Positive | 11.5% | 24.0% | 28.0% |
| Max Negative | -20.8% | -57.7% | -75.9% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/19/2026 | 10-Q |
| 03/31/2026 | 05/18/2026 | 10-Q |
| 12/31/2025 | 04/15/2026 | 10-K |
| 09/30/2025 | 11/17/2025 | 10-Q |
| 06/30/2025 | 08/15/2025 | 10-Q |
| 03/31/2025 | 05/20/2025 | 10-Q |
| 12/31/2024 | 04/15/2025 | 10-K |
| 09/30/2024 | 11/19/2024 | 10-Q |
| 06/30/2024 | 08/16/2024 | 10-Q |
| 03/31/2024 | 05/20/2024 | 10-Q |
| 12/31/2023 | 04/16/2024 | 10-K |
| 09/30/2023 | 11/20/2023 | 10-Q |
| 06/30/2023 | 08/21/2023 | 10-Q |
| 03/31/2023 | 05/22/2023 | 10-Q |
| 12/31/2022 | 04/17/2023 | 10-K |
| 09/30/2022 | 11/21/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/19/2026 | 10-Q |
| 03/31/2026 | 05/18/2026 | 10-Q |
| 12/31/2025 | 04/15/2026 | 10-K |
| 09/30/2025 | 11/17/2025 | 10-Q |
| 06/30/2025 | 08/15/2025 | 10-Q |
| 03/31/2025 | 05/20/2025 | 10-Q |
| 12/31/2024 | 04/15/2025 | 10-K |
| 09/30/2024 | 11/19/2024 | 10-Q |
| 06/30/2024 | 08/16/2024 | 10-Q |
| 03/31/2024 | 05/20/2024 | 10-Q |
| 12/31/2023 | 04/16/2024 | 10-K |
| 09/30/2023 | 11/20/2023 | 10-Q |
| 06/30/2023 | 08/21/2023 | 10-Q |
| 03/31/2023 | 05/22/2023 | 10-Q |
| 12/31/2022 | 04/17/2023 | 10-K |
| 09/30/2022 | 11/21/2022 | 10-Q |
| 06/30/2022 | 08/22/2022 | 10-Q |
| 03/31/2022 | 05/23/2022 | 10-Q |
| 12/31/2021 | 04/15/2022 | 10-K |
| 09/30/2021 | 11/19/2021 | 10-Q |
| 06/30/2021 | 08/16/2021 | 10-Q |
| 03/31/2021 | 05/24/2021 | 10-Q |
| 12/31/2020 | 04/15/2021 | 10-K |
| 09/30/2020 | 11/18/2020 | 10-Q |
| 06/30/2020 | 08/19/2020 | 10-Q |
| 03/31/2020 | 07/06/2020 | 10-Q |
| 12/31/2019 | 05/29/2020 | 10-K |
| 09/30/2019 | 11/19/2019 | 10-Q |
Recent Forward Guidance
Updated 11/2/2026Latest: Q2 2026 Earnings Reported 7/29/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | Reported | 180.00 Mil | 190.00 Mil | 200.00 Mil | 0 | Affirmed | Guidance: 190.00 Mil for 2026 | |
| 2027 Revenue | Reported | 300.00 Mil | ||||||
Prior: Q1 2026 Earnings Reported 4/30/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | Reported | 180.00 Mil | 190.00 Mil | 200.00 Mil | 0 | Affirmed | Guidance: 190.00 Mil for 2026 | |
Insider Activity
Updated 9/30/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Horne, William B | Chief Executive Officer | Direct | Buy | 9302026 | 0.16 | 100,000 | 16,300 | 81,500 | Form |
| 2 | Horne, William B | Chief Executive Officer | Direct | Buy | 9292026 | 0.17 | 100,000 | 16,800 | 67,200 | Form |
| 3 | Ault, Milton C Iii | Executive Chairman | Direct | Buy | 9282026 | 0.16 | 56,600 | 9,333 | 153,011 | Form |
| 4 | Ault, Milton C Iii | Executive Chairman | Ault & Company, Inc. | Buy | 9282026 | 0.17 | 500,000 | 84,250 | 608,907 | Form |
| 5 | Ault, Milton C Iii | Executive Chairman | Direct | Buy | 9282026 | 0.17 | 33,000 | 5,686 | 159,877 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Horne, William B | Chief Executive Officer | Direct | Buy | 9302026 | 0.16 | 100,000 | 16,300 | 81,500 | Form |
| 2 | Horne, William B | Chief Executive Officer | Direct | Buy | 9292026 | 0.17 | 100,000 | 16,800 | 67,200 | Form |
| 3 | Ault, Milton C Iii | Executive Chairman | Direct | Buy | 9282026 | 0.16 | 56,600 | 9,333 | 153,011 | Form |
| 4 | Ault, Milton C Iii | Executive Chairman | Ault & Company, Inc. | Buy | 9282026 | 0.17 | 500,000 | 84,250 | 608,907 | Form |
| 5 | Ault, Milton C Iii | Executive Chairman | Direct | Buy | 9282026 | 0.17 | 33,000 | 5,686 | 159,877 | Form |
| 6 | Ault, Milton C Iii | Executive Chairman | Ault & Company, Inc. | Buy | 9282026 | 0.18 | 100,000 | 18,190 | 566,381 | Form |
| 7 | Ault, Milton C Iii | Executive Chairman | Direct | Buy | 9242026 | 0.17 | 2,000 | 344 | 149,672 | Form |
| 8 | Ault, Milton C Iii | Executive Chairman | Ault & Company, Inc. | Buy | 9242026 | 0.18 | 100,000 | 17,780 | 535,834 | Form |
| 9 | Ault, Milton C Iii | Executive Chairman | Direct | Buy | 9242026 | 0.20 | 2,200 | 436 | 172,189 | Form |
| 10 | Ault, Milton C Iii | Executive Chairman | Direct | Buy | 9242026 | 0.18 | 500 | 91 | 158,314 | Form |
| 11 | Ault, Milton C Iii | Executive Chairman | Direct | Buy | 9222026 | 0.18 | 20,000 | 3,642 | 157,790 | Form |
| 12 | Ault, Milton C Iii | Executive Chairman | Direct | Buy | 9212026 | 0.18 | 12,500 | 2,212 | 149,830 | Form |
| 13 | Ault, Milton C Iii | Executive Chairman | Ault & Company, Inc. | Buy | 9212026 | 0.19 | 25,000 | 4,630 | 539,616 | Form |
| 14 | Ault, Milton C Iii | Executive Chairman | Direct | Buy | 9172026 | 0.18 | 19,500 | 3,541 | 151,473 | Form |
| 15 | Ault, Milton C Iii | Executive Chairman | Ault & Company, Inc. | Buy | 9172026 | 0.18 | 125,000 | 22,900 | 529,208 | Form |
| 16 | Ault, Milton C Iii | Executive Chairman | Direct | Buy | 9172026 | 0.19 | 20,000 | 3,718 | 151,434 | Form |
| 17 | Ault, Milton C Iii | Executive Chairman | Direct | Buy | 9152026 | 0.18 | 4,500 | 829 | 146,365 | Form |
| 18 | Ault, Milton C Iii | Executive Chairman | Direct | Buy | 9152026 | 0.18 | 2,100 | 383 | 144,272 | Form |
| 19 | Ault, Milton C Iii | Executive Chairman | Ault & Company, Inc. | Buy | 9112026 | 0.19 | 150,000 | 28,380 | 522,891 | Form |
| 20 | Ault, Milton C Iii | Executive Chairman | Direct | Buy | 9112026 | 0.19 | 22,800 | 4,234 | 131,438 | Form |
| 21 | Ault, Milton C Iii | Executive Chairman | Direct | Buy | 9112026 | 0.19 | 5,500 | 1,038 | 129,260 | Form |
| 22 | Horne, William B | Chief Executive Officer | Direct | Buy | 9082026 | 0.19 | 60,000 | 11,220 | 56,100 | Form |
| 23 | Ault, Milton C Iii | Executive Chairman | Direct | Buy | 9082026 | 0.19 | 196,800 | 37,904 | 130,872 | Form |
| 24 | Ault, Milton C Iii | Executive Chairman | Ault & Company, Inc. | Buy | 9082026 | 0.19 | 1,913,691 | 361,496 | 493,726 | Form |
| 25 | Cragun, Kenneth S | Chief Financial Officer | Direct | Buy | 9082026 | 0.19 | 100,000 | 18,650 | 18,650 | Form |
| 26 | Nisser, Henry Carl | President and General Counsel | Direct | Buy | 9082026 | 0.19 | 250,000 | 46,775 | 46,775 | Form |
| 27 | Horne, William B | Chief Executive Officer | Direct | Buy | 9082026 | 0.20 | 100,000 | 20,000 | 48,000 | Form |
| 28 | Ault, Milton C Iii | Executive Chairman | Direct | Buy | 9082026 | 0.19 | 196,800 | 37,904 | 130,872 | Form |
| 29 | Ault, Milton C Iii | Executive Chairman | Ault & Company, Inc. | Buy | 9082026 | 0.19 | 1,913,691 | 361,496 | 493,726 | Form |
| 30 | Ault, Milton C Iii | Executive Chairman | Direct | Buy | 9082026 | 0.19 | 38,200 | 7,117 | 89,927 | Form |
| 31 | Ault, Milton C Iii | Executive Chairman | Direct | Buy | 9082026 | 0.19 | 38,200 | 7,117 | 89,927 | Form |
| 32 | Horne, William B | Chief Executive Officer | Direct | Buy | 9022026 | 0.20 | 100,000 | 19,990 | 27,986 | Form |
| 33 | Ault, Milton C Iii | Executive Chairman | Direct | Buy | 9022026 | 0.23 | 42,000 | 9,862 | 104,369 | Form |
| 34 | Ault, Milton C Iii | Executive Chairman | Direct | Buy | 9022026 | 0.25 | 107,999 | 26,676 | 99,418 | Form |
| 35 | Ault, Milton C Iii | Executive Chairman | Direct | Buy | 8312026 | 0.27 | 89,000 | 24,057 | 79,604 | Form |
| 36 | Ault, Milton C Iii | Executive Chairman | Direct | Buy | 8312026 | 0.31 | 47,641 | 14,626 | 63,396 | Form |
| 37 | Ault, Milton C Iii | Executive Chairman | Direct | Sell | 8312026 | 0.29 | 1,000 | 288 | 59,225 | Form |
| 38 | Ault, Milton C Iii | Executive Chairman | Ault & Company, Inc. | Buy | 8312026 | 0.30 | 150,000 | 44,505 | 207,690 | Form |
| 39 | Ault, Milton C Iii | Executive Chairman | Direct | Buy | 8312026 | 0.34 | 10,000 | 3,358 | 53,345 | Form |
| 40 | Horne, William B | Chief Executive Officer | Direct | Buy | 7012026 | 19.00 | 5,000 | 95,000 | 95,000 | Form |
| 41 | Ault, Milton C Iii | Executive Chairman | Direct | Buy | 6222026 | 0.27 | 18,000 | 4,838 | 200,068 | Form |
| 42 | Ault, Milton C Iii | Executive Chairman | Ault & Company, Inc. | Buy | 6172026 | 0.24 | 50,000 | 11,765 | 647,076 | Form |
| 43 | Ault, Milton C Iii | Executive Chairman | Direct | Buy | 6172026 | 0.24 | 5,000 | 1,180 | 171,334 | Form |
| 44 | Horne, William B | Chief Executive Officer | Direct | Buy | 6122026 | 0.17 | 200,000 | 33,760 | 33,760 | Form |
| 45 | Ault, Milton C Iii | Executive Chairman | Direct | Buy | 6122026 | 0.16 | 15,000 | 2,451 | 117,860 | Form |
| 46 | Ault, Milton C Iii | Executive Chairman | Ault & Company, Inc. | Buy | 6122026 | 0.16 | 100,000 | 15,940 | 430,381 | Form |
| 47 | Ault, Milton C Iii | Executive Chairman | Direct | Buy | 6122026 | 0.17 | 40,000 | 6,648 | 117,387 | Form |
| 48 | Ault, Milton C Iii | Executive Chairman | Ault & Company, Inc. | Buy | 5292026 | 21.19 | 100 | 2,119 | 2,119 | Form |
| 49 | Ault, Milton C Iii | Executive Chairman | Direct | Buy | 5202026 | 0.13 | 397,500 | 52,390 | 87,818 | Form |
| 50 | Ault, Milton C Iii | Executive Chairman | Ault & Company, Inc. | Buy | 5202026 | 0.13 | 100,000 | 13,430 | 349,181 | Form |
| 51 | Ault, Milton C Iii | Executive Chairman | Ault & Company, Inc. | Buy | 1022026 | 0.18 | 1,000,000 | 182,900 | 457,251 | Form |
| 52 | Ault, Milton C Iii | Executive Chairman | Direct | Buy | 1022026 | 0.18 | 48,800 | 8,965 | 49,379 | Form |
| 53 | Ault, Milton C Iii | Executive Chairman | Direct | Buy | 1022026 | 0.19 | 60,000 | 11,544 | 42,328 | Form |
| 54 | Ault, Milton C Iii | Executive Chairman | Ault & Company, Inc. | Buy | 1022026 | 0.19 | 500,000 | 94,700 | 284,101 | Form |
| 55 | Ault, Milton C Iii | Executive Chairman | Direct | Buy | 1022026 | 22.83 | 33 | 753 | 3,402 | Form |
| 56 | Ault, Milton C Iii | Executive Chairman | Direct | Buy | 12302025 | 0.20 | 59,450 | 12,051 | 32,432 | Form |
| 57 | Ault, Milton C Iii | Executive Chairman | Ault & Company, Inc. | Buy | 12302025 | 0.20 | 100,000 | 20,290 | 202,901 | Form |
| 58 | Ault, Milton C Iii | Executive Chairman | Direct | Buy | 12302025 | 22.83 | 33 | 753 | 3,402 | Form |
| 59 | Ault, Milton C Iii | Executive Chairman | Direct | Buy | 12302025 | 0.21 | 10,000 | 2,140 | 21,518 | Form |
| 60 | Ault, Milton C Iii | Executive Chairman | Direct | Buy | 12302025 | 0.23 | 5,000 | 1,128 | 20,419 | Form |
| 61 | Ault, Milton C Iii | Executive Chairman | Direct | Buy | 12302025 | 0.23 | 10,000 | 2,250 | 19,249 | Form |
| 62 | Ault, Milton C Iii | Executive Chairman | Ault & Company, Inc. | Buy | 12232025 | 0.23 | 200,000 | 46,640 | 209,881 | Form |
| 63 | Ault, Milton C Iii | Executive Chairman | Direct | Buy | 12232025 | 0.23 | 15,000 | 3,393 | 17,089 | Form |
| 64 | Ault, Milton C Iii | Executive Chairman | Ault & Company, Inc. | Buy | 12232025 | 0.23 | 100,000 | 23,290 | 163,031 | Form |
| 65 | Ault, Milton C Iii | Executive Chairman | Direct | Buy | 12182025 | 0.25 | 5,000 | 1,246 | 15,095 | Form |
| 66 | Ault, Milton C Iii | Executive Chairman | Direct | Buy | 12182025 | 0.25 | 5,000 | 1,267 | 14,071 | Form |
| 67 | Ault, Milton C Iii | Executive Chairman | Direct | Buy | 12162025 | 0.24 | 12,000 | 2,918 | 12,294 | Form |
| 68 | Ault, Milton C Iii | Executive Chairman | Ault & Company, Inc. | Buy | 12162025 | 0.26 | 125,100 | 32,426 | 155,521 | Form |
| 69 | Ault, Milton C Iii | Executive Chairman | Direct | Buy | 12162025 | 0.27 | 3,000 | 804 | 10,331 | Form |
| 70 | Ault, Milton C Iii | Executive Chairman | Direct | Buy | 12122025 | 0.29 | 5,000 | 1,442 | 10,249 | Form |
| 71 | Ault, Milton C Iii | Executive Chairman | Direct | Buy | 12122025 | 0.29 | 5,000 | 1,462 | 8,930 | Form |
| 72 | Ault, Milton C Iii | Executive Chairman | Ault & Company, Inc. | Buy | 12052025 | 0.28 | 100,000 | 27,770 | 131,881 | Form |
| 73 | Ault, Milton C Iii | Executive Chairman | Direct | Buy | 12032025 | 0.29 | 1,000 | 292 | 7,463 | Form |
| 74 | Ault, Milton C Iii | Executive Chairman | Ault & Company, Inc. | Buy | 12032025 | 0.27 | 100,000 | 27,410 | 102,761 | Form |
| 75 | Ault, Milton C Iii | Executive Chairman | Direct | Buy | 12012025 | 0.29 | 1,000 | 294 | 7,208 | Form |
| 76 | Ault, Milton C Iii | Executive Chairman | Ault & Company, Inc. | Buy | 11202025 | 0.23 | 50,000 | 11,450 | 62,953 | Form |
| 77 | Ault, Milton C Iii | Executive Chairman | Direct | Buy | 11202025 | 0.24 | 3,800 | 898 | 5,565 | Form |
| 78 | Ault, Milton C Iii | Executive Chairman | Ault & Company, Inc. | Buy | 11202025 | 0.24 | 205,656 | 48,782 | 53,347 | Form |
| 79 | Ault, Milton C Iii | Executive Chairman | Direct | Buy | 11202025 | 0.37 | 500 | 185 | 7,308 | Form |
| 80 | Ault, Milton C Iii | Executive Chairman | Direct | Buy | 9302025 | 0.43 | 2,012 | 862 | 8,247 | Form |
| 81 | Ault, Milton C Iii | Executive Chairman | Direct | Buy | 9302025 | 0.45 | 688 | 307 | 7,681 | Form |
Industry Resources
| Industrials Resources |
| IndustryWeek |
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External Quote Links
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| FinViz |
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Core Cache Last Updated: 11/5/2026